Although the overall cryptocurrency market shows signs of recovery, the frog-themed meme coin Pepe (PEPE) remains deeply in decline, with a daily drop of 0.6%, more than 88% below its all-time high of $0.00002803 set in December 2024. Its continued decline contrasts sharply with Bitcoin's rebound past $70,000, highlighting investors' risk-averse sentiment. Analysts believe that potential future rate cuts could boost liquidity and risk appetite, potentially supporting PEPE. However, due to macroeconomic and geopolitical fluctuations, recent rate cuts have not stimulated a rebound in the cryptocurrency market, indicating that the meme coin's downward trend may continue.

PEPE4.12%
BTC3.1%
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